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20121205
20121213
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Search Results 0 to 6 of about 7
CNBC
Dec 11, 2012 9:00am EST
above gridlock and reaching a real deal on the fiscal cliff. in the last hour we sat down with grover norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus more on entitlements now, and he will not sign any package that doesn't deal with entitlements at this point. conrad said more, not less, should be included in some sort of a big deal. by big deal, he means over $4 trillion. we are now just 20 days away from the fiscal cliff deadline. we continue to bring both sides of the aisle to sit down together. congressman sander levin is a ranking member of the house ways and means committee. and a republican from new jersey, the vice chairman of the house budget committee and a member of the house financial services committee. gentlemen, thank you both for being here. >> thank you. >> we just sat down with senators conrad and corker. they seem to agree on a lot of areas. one of th
CNBC
Dec 12, 2012 9:00am EST
the deal book conference. first and foremost addressing none other than the fiscal cliff, saying they're currently praying that the country doesn't breach it. that if that issue gets resolved, that reverse could happen, investment activity actually picks up noticeably. also, at jpmorgan, we've seen a management shuffle in the past year. the chief risk officer, cfo and ceo leaving that role. dimon talked a little bit about how he feels about the slate of young talent that's just taken to the bench. take a listen. >> i think we'll accelerate and cause a little turmoil. and hopefully we'll have much more stability going forward. the team itself is excellent. like i said, all the people who were promoted have been there a long time. >> the other big elephant in the room facing dimon, of course, is the question over whether he will be tapped or will be an option for the job of treasury secretary coming into the new year. warren buffett has suggested it. here's how dimon responded to whether he would take that job. >> i don't believe i'm suited to it. i don't believe a ceo from wall st
CNBC
Dec 7, 2012 9:00am EST
morning before the speaker began his comments. if the fiscal cliff has you nervous, this may be some relaxing news. as of midnight last night, washington is now the first state in the united states to legalize marijuana for adult recreational use, but the law is not without complications. jane wells is live in l.a. with more on that story. good morning, jane. >> hi, carl. lighting up in seattle is one thing. figuring out how these laws are going to work is another. pot possession may be legal in washington, but it will be another year before the state sets up the bureaucracy, creating a network of legal growers and retailers. they're going to have to set standards for thc. but what about pricing? the state is hoping to raise $600 million a year for pot and they say it could add 5% to gross state product by 2017. but ktlu reports the state's office of finance management says retail prices and medical pot clinics are already $3er gram higher than street prices and you add in taxes. are people going to pay more if they can get it for less. and in colorado, its pot law goes into effect n
CNBC
Dec 13, 2012 9:00am EST
the fiscal cliff are resulting in softer business environment and waning growth. members of congress told not to make plans for the christmas holidays, citing the urgency of striking a deal to avoid the fiscal cliff. the speaker set to given a update out state of negotiations with the white house in two hours. we will bring brink that to you live t did the mark it's job to deal of what happened with ben bernanke's comments and now the target in terms of tying interest rates to unemployment, which is a very new and big development for the fed. >> cnbc is talking over and over again, 2 million jobs to be lost, not if but when we go over the cliff. ben bernanke is listening to what this network is saying, recognizing there is going to be a dram mat hillsborough county job loss if we go over the cliff that is force austerity, that is firing people. look at spain when they got serious. italy. it meant a lot of firings. he says i see what we are going to do follow these countries that have fiscal responsibility a lot of people are going to be fired. don't worry, i'm going to do my best. what what are you going to do to keep people employed? >> keeping the heat on congress, came u
CNBC
Dec 6, 2012 9:00am EST
. important thing moving on about the fiscal cliff. the biggest story passed around here this morning was the politico article where they finally put a name on making a deal. the 37% solution, just split the difference between 35.6% and 39.6% increasing taxes and call it the 37% solution. that's the article everybody's been passing around today. on apple, just a quick note on apple here, there was as many notes out as there were analysts on apple. the main point on it is that most agree is that concern on iphone sales are the number one problem. att made a comment yesterday, that basically sales were the same as last year than the first sales of the --. a lot of t back to you guys. >> actually, i would be encouraged if i were an apple shareholder that the stock actually opened down today. if there's any hope. italian bonds getting hit today too. of course worth keeping track of. okay, let's shift the bonds into dollars. >> we're going to stick with that european theme and when bob pisani says central banks and activism in the same sen tes, i still have good bumps, they're not good goose bumps. many say that -- if you look at intraday chart of the euro currency
CNBC
Dec 5, 2012 9:00am EST
given concerns about the fiscal cliff, there are not a lot of expectations for large m&a transactions. let's go through the details of the deals themselves as you can watch shares down sharply. i want to reset in terms of the deal itself. there it is. we're talking about 6.9 billion. you add in 25 and cash not worth that now given significant drop in freeport shares that we're watching at this point. as i pointed out, you will have selling pressure as a result of people setting it up shorting the shares being freeport in this case. mmr in which you have ownership by the way of the chairman of freeport. owns both. chairman of both. 2.1 billion is net cash outlay. 31% owned by pxp. are you following along? ownership stake as well. >> how does this smell? >> 1475. you get 1.15 units of royalty trust. i find it interesting when companies make bold decisions to move in different directions. it's not as though they are abandoning the copper business. this is a wildcatter. he always has been. >> how many times does he come on our show talking about that? i find this is akerson -- i want to know how much he really loves this deal given the fact
CNBC
Dec 10, 2012 9:00am EST
, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how difficult it is and how the story changes to a certain steextent each day. who knows what's going to happen. >> public care, confidence numbers, spending, any relationship to the fiscal cliff at five. >> i don't know. i just don't know. i think anecdotally, from what i have been able to observe, no. but i can't speak for that. the journal today has the lead stories of consumer spending starting so slow. and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radical tax increase. it was meant to cause a recession. the government felt in its infinite wisdom t
Search Results 0 to 6 of about 7